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Why Is Norfolk Southern Stock Taking A Hit Today? - Norfolk Southern (NYSE:NSC)

Norfolk Southern shares drop after disappointing Q1 results, with revenue down 4% and expenses up 15%. Quarterly dividend declared. ....

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Norfolk to settle Ohio derailment class action lawsuit for $600 million

WASHINGTON (Reuters) -U.S. railroad operator Norfolk Southern has agreed to pay $600 million to settle a class action lawsuit over a February 2023 East Palestine, Ohio train derailment that spilled toxic chemicals, according to the company and court documents. The agreement in principle, which is still subject to court approval, would cover claims from residents and businesses in the city and impacted surrounding communities. It will also provide compensation "for past, present and future personal injuries resulting from exposure to the chemicals involved", the lawyers bringing the action against Norfolk Southern said in a joint statement. ....

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Norfolk Southern Settles Derailment Suit for $600 Million

The railroad company will pay residents and businesses in East Palestine, Ohio, and the surrounding area after a derailment last year. ....

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